All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
You can wait until it leaves the triangle, but I entered. This is my opinion and it may be 100% wrong
GBPCAD short did not get filled in but level getting respected
The presence of an ascending trend line on the daily frame There is divergence on the Relative Strength Index (RSI). The presence of areas of strong demand The presence of a harmonic model supports purchasing
1- Divergence on MACD indicator. 2- Followed by Convergence. 3- This presents a typical scenario of; Pullback followed by continuation to the Down Side. Looks like Pullback is happening right now. Look for Sell Setups in the shaded zone. Target and protection shown on the chart.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Hello everyone, i want share my idea bout GBPCAD. If we look at higher timeframe, price action slowly but it's still going higher, last week we saw huge reactions from sellers but buyers still has control at price. My analysis at the moment is price action, if price will brake, 1.718 resistance LVL then we have much stronger resistance at 1.73 and 1.75. I am...
📈🚀 GBPCAD Market Update: Preparing for Bullish Breakout! 🎯💼 Forex Traders, exciting news on GBPCAD: OANDA:GBPCAD 🔄 Inverse Head and Shoulders Formation: GBPCAD has developed an inverse head and shoulders pattern at the bottom of its downtrend, signaling a potential bullish reversal. 📈 Current Status: The pair is currently forming the right shoulder. A...
Traders eyeing the GBPCAD pair have identified a compelling sell zone, located at 1.71745. This zone marks a crucial level where sellers are expected to enter the market with increased activity, potentially exerting downward pressure on prices. Traders keen on short positions closely monitor this sell zone as it presents an opportune entry point to capitalize on...
GBPCAD respected horizontal Resistance on 4hrs timeframe and Trendline Resistance on weekly timeframe. Moreover, fundamental analysis shows that overall Endogenous and Exogenous factors of GBP are weak and CAD is fundamentally strong. Seasonality graph in the month of May is Bearish. Lastly, COT flip data is decreasing which means that overall institutional...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 -...
GBP/CAD is strongly tempting to reach the strong resistance level at 1.73450 again. The price has tested this area three times already. So, I plan to buy when it breaks the trendline shown on the chart. Additionally, breaking through the ChoCh level is adding strong momentum towards reaching the resistance level soon. Let's wait for the breakout.
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
all gap area was filed in last week. I think all liquidity of gbp cad are ready for purge . this movement is my idea but i need to wait until Tuseday .
GBPCAD chart in 4h time frame is printing HH and HL and there is no divergence observed. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm using AB = CD Pattern to take long entry with Buy Stop Order on the breakout "B" point Level with stoploss below at "C" Point which is last Higher Low level.
FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...
Pure price action based on support and resistance and trendlines